a step up for sb/ a going-away party

[Saneta]

http://www.english-test.net/toeic/listening/an_employee_is_leaving_the_company.html

1.but it sounds like a step up for him= but it sounds like he will be promoted (one level up)?
2. a going-away party =a party on the occasion of moving away by somebody?

thanks

[Beeesneees]

1. yes
2. yes
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